Blue Star Foods Q3 revenue down 35% YoY to $2.4M; net loss widens to $3.7M

Blue Star Foods Corp.

2023-Q3 EPS reported -$4.98 revenue$10,712,363

Q3 2022 revenue $2.4M vs $3.7M a year ago; gross loss of $1.5M vs gross profit of $0.7M.
Net loss $3.7M (incl. $1.6M non-cash/one-time items); adjusted EBITDA loss $1.8M.
Nine-month revenue up 28% to $10.7M; net loss $6.2M vs $1.1M in prior-year period.
Soft-shell crab RAS contributed $1.0M revenue since March 2022; inventory $6.1M.
Goal to double 2022 revenue from $10M; first commercial harvest at new RAS facility targeted for Q4 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Blue Star Foods Corp. reported three months ended September 30, 2022 results: revenue $2.4 million, net income Net loss of $3.7 million.

Period: three months ended September 30, 2022
Revenue: $2.4 million
Net income: Net loss of $3.7 million
Result: reported results

Exact text from the filing

Key Financial Highlights for the Three Months Ended September 30, 2022 ■ Revenue of $2.4 million ■ Soft-shell crab RAS revenue increased to $0.5 million ■ Net loss of $3.7 million (included $1.6 million of non-cash or one-time non-recurring expenses)

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Blue Star Foods Corp. reported nine months ended September 30, 2022 results: revenue $10.7 million, net income Net loss of $6.2 million.

Period: nine months ended September 30, 2022
Revenue: $10.7 million
Net income: Net loss of $6.2 million
Result: reported results

Exact text from the filing

Key Financial Highlights for the Nine Months Ended September 30, 2022 ■ Revenue increased 28% to $10.7 million ■ Soft-shell crab RAS revenue increased to $1.0 million ■ Net loss of $6.2 million (included $3.0 million of non-cash or one-time non-recurring expenses)

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Blue Star Foods Corp. filing history →

Source: SEC EDGAR

accession 0001493152-22-032420

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